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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY IS SELL !!GBPJPY is showing signs of bearish momentum, indicating a potential short opportunity. The price is facing strong resistance and struggling to break higher, suggesting a possible reversal. If sellers take control, we could see a move downward toward key support zones. Confirmation signals such as bearish candlestick patterns or a breakdown of structure will strengthen the sell setup. Traders should stay alert, wait for a proper entry, and manage risk wisely. The next move could be a profitable short trade! 📉🔥
Short
by Itsalikhaan
GBPJPY falliing resistance retest at 193.00 levelThe GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 193.00. An oversold rally from the current levels and a bearish rejection from the 193.00 level could target the downside support at 189.60 followed by 188.30 and 187.10 levels over the longer timeframe. Alternatively, a confirmed breakout above 193.00 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 194.12 resistance followed by 195.30 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPJPY Will Go Down! Short! Here is our detailed technical review for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 191.536. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 188.947 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPJPY The Week Ahead 17th Feb 25The GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 193.45, 50 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 193.45 level could target the downside support at 193.45 followed by 189.60 and 188.38 levels over the longer timeframe. Alternatively, a confirmed breakout above 193.45 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 195.20 resistance followed by 197.30 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/JPY Price Forecast – Inverse Head & Shoulders Breakout GBP/JPY has formed a strong Inverse Head & Shoulders pattern on the 2-hour timeframe, signaling a potential bullish breakout. Patience is key—wait for a confirmed neckline breakout with a strong bullish candle before entering the trade. Once confirmed, this setup could lead to a significant price surge! 🚀 📊 Technical Analysis: ✅ 📈 Inverse Head & Shoulders – A bullish reversal pattern indicating trend change ✅ 📊 EMA 200 Support – The price is respecting this key moving average ✅ 🔎 Breakout Confirmation – A strong bullish candle above the neckline will confirm entry 🎯 Target Levels: 📌 194.80 – First target for short-term gains 📌 198.00 – Final extended target for a larger move 📢 Trading Strategy: 🔹 Wait for a confirmed breakout above the neckline before entering 🔹 Ensure strong bullish momentum & volume for a valid move 🔹 Hold the trade while price respects the trend 🔹 Set a stop-loss below the neckline for risk management 📈 The setup is looking strong—stay patient, follow the trend, and capitalize on the move! 💰🔥 📌 Like, comment & follow for more trading updates! 🔔🚀
Long
by Jos_Pro_Trader
1
GBPJPY Bouncing off Failed Swing LineHi Traders! GJ had a nice push to the upside reaching 193.000 making a new HL on the 4HR TF. Right now, price is pulling back bouncing off the Failed Swing line. If price broke below 191.000 with continuation, then I'd look to sell to the 4HR CHOCH area around 190.000. However, price isn't telling me that it wants to go lower. In addition, the candles printing on the Daily are smaller and not closing below 191.000 so that could indicate that price may push to the upside. If GJ can give me more confirmation that it'll have the momentum to push past 193.000, then the inverted head and shoulder pattern might play out. I'd like to see more of a strong bullish close above 192.000 on a higher TF for me to think about a buy. Lets see if GJ will come through for us, and give us a nice set up!🫡
by thattradergirl
#GBPJPY 4HGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently testing a key support level, indicating potential buying interest. If the support holds, buyers may step in to push the price higher, leading to a possible bullish move. Forecast: A buy opportunity may arise if the price shows signs of rejection at the support level, confirming that buyers are defending this area. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price holds above the support level and shows bullish confirmation. - Risk Management: - Stop Loss: Placed below the support level to manage risk. - Take Profit: Target higher resistance zones where price may face selling pressure. Market Sentiment: The support level is a key area where buying pressure may increase. Confirmation through bullish price action will provide more confidence in a potential upward move.
Long
by PIPSFIGHTER